Category Archives: Activities

Our current activities concentrate on the case of Dewan Housing Finance Corporation Limited (DHFL), India. While exploring and investigating this particular case, we have found that India’s crony ruling party, gangsters, banksters as well as religious gurus and institutions are involved in the same. Therefore, to break such collusion, we have decided to deploy an “all out attack” on the existing paradigm of neoliberal market economy as well as market fundamentalism. ***DISCLAIMER: We have collected all the data from available sources on the internet as given on the official portals of media houses, websites and institutions and organizations. We are not first-hand reporters and hence, we are not liable for any inadvertent error or value-loaded statements made on those portals. All propositions have to be viewed as descriptive assertions on the given point of concern.***

Ajay Piramal in the Ring of Fire of Controversies

This article presents a critical survey of the many controversies encircling Ajay Piramal, framing him as a polarising business-magnate whose corporate manoeuvres are frequently contested and legally fraught. Against a backdrop of alleged insider-trading, environmental violations (notably in Digwal, Telangana), the contentious acquisition of Dewan Housing Finance Corporation Limited (DHFL) via the insolvency process, large electoral-bond donations to the ruling Bharatiya Janata Party (BJP), and the use of defamation and contempt litigation against critics, the piece argues that Piramal’s business success is anchored in regulatory capture, political patronage, and legal privilege. It argues that, by deploying legal tactics such as “blanket stay orders,” leveraging judicial delays and restructuring strategies (mergers/demergers) and aligning with ruling party dynamics, Piramal navigates a “ring of fire” of regulatory, social‐ and investor-based controversies while avoiding significant accountability. The article highlights how the financial losses of depositors and NCD investors in the DHFL resolution process, the alleged environmental harms, and the suppression of dissent through legal intimidation (SLAPP-type suits) are symptomatic of a broader state–capital nexus in which ordinary stakeholders—and democratic accountability—are systematically disadvantaged. It emphasises that although many of these controversies remain sub-judice, the weight of circumstantial evidence suggests a pattern of elite protection, structural impunity and capture of institutional mechanisms.

In Defence of the Ladakh Movement: A Faint Voice of Solidarity During the Ominous Hour of Climate Emergency

The article defends the Ladakh movement as a crucial voice against environmental degradation and climate change, particularly in the face of the Himalayan region’s vulnerabilities. It highlights the importance of indigenous and local perspectives in climate activism, emphasizing Ladakh’s ecological sensitivity and the dangers posed by unchecked development. The piece also calls for solidarity with grassroots movements that prioritize sustainable and culturally sensitive practices, urging broader attention to the climate emergency’s impact on marginalized communities.

A Sympathetic Note to the CBE Paramavaiṣṇava Ajay Piramal

The authors address Ajay Piramal in a seemingly supportive tone, while deploying layered irony to critique his entanglement in political, legal and ethical controversies. They highlight his large electoral-bond donation (₹85 crore) to the Bharatiya Janata Party (BJP) and connect it to his business-state nexus, posing the question of whether such “political charity” is altruistic or effectively bribery. They raise allegations of insider trading (noted by the Securities and Exchange Board of India and the Securities Appellate Tribunal), environmental damage at the Digwal plant in Telangana, consumer mis-promises by his real-estate arm, and, most significantly, his role in the resolution of Dewan Housing Finance Corporation Limited (DHFL) where the authors argue small depositors and NCD holders were sidelined while his group allegedly benefitted. The tone shifts between a personal “sympathetic” appeal (invoking his spiritual associations) and a sharper critique (emphasising legal stays, defamation suits, and the “victims’” discontent). Ultimately the piece situates Piramal as a case-study of how entrepreneurial philanthropy, political proximity and regulatory capture can converge to undermine accountability and social justice.